to Kubat’s resignation, Zaki took to Twitter Spaces for an AMA on Feb. 20, in which he vigorously denied all of the accusations. He claimed that all of the company’s actions to his knowledge were done in full accordance with the law.While this naturally prompts questions and concerns, our team is committed to addressing these questions and alleviating any concerns.
However, “we remain super confident that we have sufficient resources, personnel, and the tech to actually execute upon our strategies […] there is nothing here that causes me concern or should cause the public concern," he said. Zaki also denied violating any orders from the SEC, stating that the Series A fundraiser was done completely offshore and was compliant with laws in the countries where it took place. Zaki stated that the company retained legal counsel to ensure that no laws were broken, as he explained:
“Those allegations are incorrect, the series A was designed as an offshore sale of utility tokens and we had outside council advising on the offering […] I had made very clear that all offerings of composable were conducted with sufficient legal council” As for the claim that Composable was involved with the Bribe project, Zaki stated flatly “we had no part in the Bribe project.”
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